Payment Methods - Payconiq

1. Payconiq information

Facts
Category	Wallet payments
Market	The Netherlands, Belgium and Luxembourg
Share	In 2017, 68% of Europeans used mobile payments. In 2020, this number will rise to 92%.
Currency	Euro
Payment	Guaranteed, no refunds possible
Transaction limit	The transaction limit depends on your bank. For ING and Rabobank, this is €500 per day. Via the Rabobank app, the limit can be increased to €1,000 per day. Account holders with an account at ASN Bank, Regiobank, and SNS have a payment limit of €250 per day. For other banks, the payment limit is €250 for the last 7 days (please note: during the first 8 working hours after linking the bank account with Payconiq, the limit at other banks is set to €25. The limit is then automatically increased to €250 per 7 days).
Refund	Multiple refunds per transaction possible up to 100% of the order amount + €30.00
Clearing	via PAY.
Status	Active
Expiration date	20 minutes online, 2 minutes in-store
Payment option ID	2379
Package	Available in the Pioneer , Professional , Business , and Corporate packages.
Surcharging	Not allowed

Payconiq is the free mobile omnichannel solution that facilitates payments. The payment method can be offered online by merchants based in the Netherlands, Belgium, and Luxembourg. The payment method cannot be offered to consumers if the business is registered in another country.

Mobile payment via Payconiq is easy: your customer only needs to scan a QR code with an Apple or Android smartphone. Payments run directly through the Payconiq app, which is already linked to your customer's bank account.

Payconiq was created at the end of 2015 and is a joint initiative of ING, SNS, Rabobank, RegioBank, ASN, Belfius, KBC, and BNP. Since its launch, more than 50,000 stores have joined this payment method.

2. Payout

Payconiq transactions come in via Stichting Pay.nl and are paid out to you via clearing. There is no need to create an extra account or enter into an agreement with Payconiq.

Payout speed

Curious about your payout speed? You can easily check this via Merchant » Rates.

3. Refunds

Refunds of Payconiq payments are processed via PAY. For a refund, PAY. will carry out an IBAN transfer to the payer, just as with iDEAL or another SEPA payment solution. The IBAN of Belgian consumers is not always immediately available; this can take 2 to 3 business days. In that case, the message "debtor details are not available yet" is displayed. If you try again after 2 to 3 business days, the IBAN should be available.

4. Payment screen

The Payconiq payment screen is responsive, accepts payments in euros, and is available in the following languages:

• Dutch
• English

5. QR code

Making payments with Payconiq is fast and user-friendly. First, your customer downloads the free Payconiq app for iOS or Android. The bank account then needs to be linked to the app. The Payconiq app works with all Dutch banks, and linking it to the app is simple and only needs to be done once. Once the bank account is linked, your customer can use Payconiq to pay right away!

With Payconiq, you can easily pay in a webshop or a physical store by scanning a QR code:

• The specific QR code appears on a display, in the app, on your desktop, or on a PIN terminal;
• Your customer scans the code with a smartphone. Your customer then only needs to approve the amount in the Payconiq app using a four-digit code, fingerprint scan, or Face ID. The payment is then complete. As a (web)shop owner, you'll see the transaction appear on your screen. Your customer has paid!

Why Payconiq?

Mobile payment is more than just a fun gadget. Payconiq's new system guarantees no extra hassle: it's an extension that's easy to integrate with existing systems.

6. Categories

You can use the Payconiq payment option if your webshop / sales location falls into one of the categories below.

7. Images

If you want to display the Payconiq logo on your page, you can use the images below.

PNG icon	SVG icon